Tuesday, October 21, 2008

Spreadin' That Wealth Around, You Betcha

As usual, John Cole says what I'm thinking but with more flair:
Not socialism:

Welcome to the People’s Republic of Alaska, where every resident this year will get a $3,200 payout, thanks in no small measure to the efforts of Sarah Palin, the state’s Republican governor. That’s $22,400 for a family of seven, like Palin’s. Since 1982, the Alaska Permanent Fund, which invests oil revenues from state lands, has paid out a dividend on invested oil loot to everyone who has been in the state for a year. But Palin upped the ante by joining with Democrats and some recalcitrant Republican state legislators to share in oil company windfall profits, further fattening state tax revenue and permitting an additional payout in tax funds to residents.

Socialism:

Among the more prominent elements of his tax proposal, Senator Obama would end the Bush tax cuts and allow the top two tax rates to return to 36 and 39.6 percent.

As with all things McPalin, I guess it's OK if you're a Republican.

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